As more and more crypto users start trading or using Bitcoin, the block size reaches the maximum limit, i.e., 1 MB, after which it creates severe congestion in the network. Hence a number of transactions get delayed and stays in the mempool (waiting line) for the confirmation. So in order to get faster confirmations, you pay an extra fee to accelerate the transactions.
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What is Bitcoin Transaction Accelerator?
Bitcoin Transaction Accelerators are the enhancers, which are an off-chain service, accepting an extra fee to include a particular transaction in the upcoming Bitcoin block deliberately in order to get sufficient confirmations. These accelerators are run by none other than the miners themselves as their intention is to get higher block mining fees and rewards.
Back in 2017, the Bitcoin network was processing more than 450,000 transactions per day, which created network congestion, as the miners were prioritizing transactions based on the transaction fee. The ones with a low transaction fee were stuck in the mempool. In times like this, Bitcoin accelerators can become handy. Example: Antpool transaction accelerator
Let us check some of the best Bitcoin Transaction Accelerators:
Its transaction accelerator service started in 2017 as a protest against a limitation of 1 MB blocks. Their service is free for the community and gives priority to the transactions who have paid extra fee for the acceleration service. Bitcoin transaction accelerator ViaBTC also provide paid service on special cases like an extremely low transaction fee. Their free service is limited to 100 acceleration per hour. To use this service, you need to submit your transaction ID and a minimum transaction fee of 0.0001BTC/KB.
It’s not native for BTC.com to run acceleration service but they do so with cooperation from other mining services. In order to avoid network congestion and delay in transaction confirmation, you can use the accelerator developed by BTC.com. You can increase the transaction confirmation probability to 75% in 1 hour and 98% within 4 hours. The fee may vary depending on the network congestion on the blockchain. To get the free estimate, you can sign up and keep in mind that it is not refundable because the acceleration is non-retractable.
This is another Bitcoin accelerator service provider, which enables you to get faster transaction confirmation with a fee of 5 USD for 250+ byte transactions, all other transactions are processed free of cost. They have a standard way of working where they push the transactions to multiple pools they’ve partnered with, so even if you have paid as less as $0.01, you can have the chance of getting the transaction confirmed through this service. They do not offer a refund as well and all transactions get confirmed within 72 hours, but mostly it gets done within 12 hours.
If you are experiencing any issues in speeding up the transaction inspite of using ConfirmTX, you can refer here.
This is another portal which offers free Bitcoin Acceleration Service. Even if the initial transaction fee is less, you can accelerate the transaction. Although this service doesn’t connect to other miners or mine itself. They rebroadcast the unconfirmed transactions to the network to confirm them faster. In the rebroadcasting process, they are likely to get picked by pools like ViaBTC which confirms it. One more good thing is that no sign-in is required and it speeds up your Bitcoin transaction.
This is a free Bitcoin transaction accelerator that enables you to get faster transaction confirmations. You just need to put your transaction ID and click on the accelerate button. It will get rebroadcasted via ten bitcoin nodes. Alternatively, you can resubmit your stuck transactions every 6 hours till it hets confirmed. Just make sure you don’t abuse their service as they have every right to ban any customer.